no it is not!!!
bitcoin does not understand msats!
do not even dare confuse the bitcoin network ruleset vs the LN crappy peg-set of crappy suggestive polciy of that crap network
bitcoin is not LN..
they are separate networks for separate utility using separate units of measure. do not dare confuse the two

its an increase of shareable units.
thus artificial supple increase

bitcoin as displayed for GUI is 1.00000000

however the actual hard code and data on the blockchain has no btc

its measured as the smallest unit 100,000,000 sats
yep a tx, a value in a block is all sat based

to break the rules of the smallest unit means it breaks many rules
for instance it increases how many halvenings would occur
it breaks how many shareable units there are

at code/data level it is not a rule of
50btc for first 210,000 blocks
instead its actually at code and real hard drive and relayed data:
its a rule of 5,000,000,000 units for 210,000 blocks
its a rule of 2,500,000,000 units for 210,000 blocks
its a rule of 1,250,000,000 units for 210,000 blocks
its a rule of 625,000,000 units for 210,000 blocks
and so on
by making it suddenly at the next halving
new rule of 312,500,000,000 units for 210,000 blocks
changes alot of things

changing smallest unit * 100,000,000= 1btc to
changing smallest unit * 100,000,000,000= 1btc

means instead of there being 20,999,999,9769,000 units by 2142
changign to 11 decimals in 2024 changes the results to
last halvening: 2176 (extra 9 halvenings)
total units created 133218749997060000

2008   5000000000   1050000000000000
2012   2500000000   525000000000000
2016   1250000000   262500000000000
2020   625000000   131250000000000
2024   312500000000   65625000000000000
2028   156250000000   32812500000000000
2032   78125000000   16406250000000000
2036   39062500000   8203125000000000
2040   19531250000   4101562500000000
2044   9765625000   2050781250000000
2048   4882812500   1025390625000000
2052   2441406250   512695312500000
2056   1220703125   256347656250000
2060   610351562   128173828020000
2064   305175781   64086914010000
2068   152587890   32043456900000
2072   76293945   16021728450000
2076   38146972   8010864120000
2080   19073486   4005432060000
2084   9536743   2002716030000
2088   4768371   1001357910000
2092   2384185   500678850000
2096   1192092   250339320000
2100   596046   125169660000
2104   298023   62584830000
2108   149011   31292310000
2112   74505   15646050000
2116   37252   7822920000
2120   18626   3911460000
2124   9313   1955730000
2128   4656   977760000
2132   2328   488880000
2136   1164   244440000
2140   582   122220000
2144   291   61110000
2148   145   30450000
2152   72   15120000
2156   36   7560000
2160   18   3780000
2164   9   1890000
2168   4   840000
2172   2   420000
2176   1   210000
2180      total   133218749997060000 units
yep by converting to 1000x units. dilutes already mined 19mill old btc of pre change to be only displayed as 19thousand "new bitcoin"

LN is not the solution.. its too buggy even after 5 years

far easier to start from scratch with a different subnetwork designed differently to LN without the bugs or payment model of LN.. but offers a more secure method of pegging to a 1:1000 unit level to use on the sub network

whilst also reminding people to be risk aware of any sub networks and not pretend a subnetwork of any form is the same as the mainnet

its not just needing a hard fork to add a new tx format that measures in microsats.
you would also need ALOT more code and rules that treat two states of transactions different.

pre-fork dated utxo treated as sats and post fork tx treated microsats.. separating the classes..  and a whole lot of code to ensure the spending of old utxo's dont ever generate more units when being spent or the opposite

Eg a legacy utxo from 2020. of 10units(sats) where by the new tx format doesnt accidentality end up getting 10 units(10 microsats) and instead would need to be a future utxo of 10,000 units(microsats)

where by if the new tx format then wanted to spend its 10,000microsats units to a legacy(8dec) address ensuring that the legacy address validation code does not treat it as 10,000sats when it should be 10 sats

after all we cant really go back and change all blockdata to be 1000x units compared to norm. so there would need to be alot of CLUDGY code. that comes with alot of risks of generating new units outside of the normal coin reward mechanism

in short. we should not even attempt it. as it is not needed anyway

black hat your the freak of nature calling bitcoin a scam
while YOU hypocrtically and ironically spend endless posts in many topics promoting a system that has no blockchain no consensus and no underlying value(no monetary security). promoting a network that phishes an established payment systems brand(lln 2017 vs bitcoin 2009 thus LN is not bitcoin). and also promoting a network that is easy to enter with funds in an hour. but harder to escape taking more time and delays(to avoid threats) and threats of losing value if you do exit

you are the one that does not understand much and are just hyping up a crap network where you get upset when your called out on it

now go back to your cave instead of thinking i should only talk in one topic

if you want to call bitcoin a scam. im gonna call you out on it and also highlight your own ironic hypocrisy no matter where i see you and your buddies doing their manipulative crap

i know you hate having your crap network(LN) called out on, but your crap network has more flaws than bitcoin so its you that has to stop trying to call bitcoin a scam. and start to realise its your favoured network(LN) thats the scam
LN is brand stealing "bitcoin" but it is not even bitcoin.. YOUR buddies are phishing
LN can break its value IOU promise in many ways.. thus easier to scam on LN compared to bitcoin

---

my view is crypto is a multi economical industry with thousands of currencies and all of different types. where native blockchains owned by no party are superior than ICO premined blockchains
where native blockchains owned by no party are superior than sub networks that have no blockchains

where each blockchain based currency has its own ranking(high). as do the subnetworks of non blockchain stupidity(low)

---

ok i wasnt going to do it.. but lets do it

a ponzi is a easy enter, hard to leave system, where people cant just trade out. or sell out as easy as they bought in

where people are not changing ownership of an asset. but instead having a trail of people appearing as they are getting paid by the person before them(on a route)

hmm wonder if that sounds more like some silly subnetwork blackhat doesnt want talked about
i wonder why he doesnt want that network discussed. yet he easily wants to put bitcoin into a scam category.

the evolution of "brics" and "amero" are still flowing. but using CBDC technology

there is the Mbridge which is the IMF for the brics group of CBDC
and there would most probably the juro for the amero group of CBDC

CBDC of any form will be inflationary. with positive and negative balances

bitcoin is another thing separate from the games of fiat and CBDC
where bitcoin is deflationary.

as for the main exchanges of bitcoin whereby its measured as dollars. well i have noticed that although most english speakers watch american based exchanges in dollar form where even british exchange sheep trace american prices via arbitrage

there are however many asians and south american exchanges use their own native currencies where their exchange rates do not sheep trace the american bitcoin price exactly.

in short we are seeing a bit more independance of markets across the continents.

many wallets can change the peg.... YOU need to realise that, much like stable coins and luna have learned the hard way this year.. yep the peg is a risk to your network

many wallets can create msat balance without a funding lock... YOU need to realise that other tokens that just print money from nothing..yep its a risk to your network

and there is no network blockchain of rules. nor a consensus to stop that

yet bitcoin has a relay network that checks that a payment is using locked funds(utxo)
yet bitcoin has a relay network that checks that a payment is using proper value amounts in and out
yet bitcoin can account for every unit in existance right back to its coinbase reward creation

but hey if you want to treat all crypto as bad apart from your favoured network.. you go play in your dreams
....
my view is crypto is a multi economical industry with thousands of currencies and all of different types. where native blockchains owned by no party are superior than ICO premined blockchains
where native blockchains owned by no party are superior than sub networks that have no blockchains

where each blockchain based currency has its own ranking. as do the subnetworks of non blockchain stupidity

in Tulsa king series 1 episode 7 - 28:48

sylvester stallone said "do you buy bitcoin?"
martin starr(fame of tvshow: silicon valley) replied "no i steal from other people who buy bitcoin"

says the LN defence brigade
.. dang i need to store your quote for prosperity as a reminder of each time you defend the sub are network of weak pegs, fractional reserve features and a unit of account thats not even the same as that its suppose to represent and it does not even have a blockchain or network wide security to protect said iou value

so where was your cynic hat when it came to LN

cypherpunks were interested in digital money far before milton
cypherpunks inspiration was as early as david chaum in the 1980s

satoshi got inspired by the cypherpunks (whom were david chaum inspired)
as well as others who he cited in his white paper

exactly
the money print of 2020 was not a large push out to the citizens to trickle up. the amount that went to citizens in the covid cheques was small in comparison to the money print hidden away in darkpools of institutions. however in 2022 this started to "trickle down" meaning too much money in citizens hands and so businesses raise their prices to "trickle up" that money again. and thats the inflation part
and now that people have less money but prices are high we are now in recession era

oh leg-end. .. im noticing how much you misunderstand about many things,
not just crypto value and utility. but also geo-politics.

ill start with geo-politics
china's issues is not about what you heard on fox news and then re-sung by some youtube video guy.

they have power. they actually are very efficient in their power production and end consumer utility..
its actually americans that waste more energy per person than china
heck even looking at the gas-guzzling cars in america compared to the UK. america waste alot of fuel

as for the mistreatment of the uyghurs, where the guy in the video mentions how china is being left out of international trade deals due to about 1m uyghurs detained and retrained..
of a chinese population of 1.4b vs 1m detainees 0.07%
america has 330m and 1m mexicans detained and retrained.. 0.3%

america have a bigger problem of people in jail/prison/detained immigrants/minorities

but lets return to the crypto stuff involving china
what china found is many people were residential mining(hobby mining) over running the neighbourhoods circuit breakers and causing localised brownouts due to stealing electric and tripping the neighbourhoods circuit breakers

also there were lots of unregistered and unregulated businesses. it became too much to handle/police.. so they had to shut it down. even the ones operating legitimately

the idea years ago was to prohibit bitcoin and then licence it through regulations. but they didnt see a easy path to police the malicious hobby miners

its the same as cannabis growers. people growing in their basements was a "war on drugs" that lasted decades

.. as for the other conspiracy that china is a dead country with dying population dying economy
thats just more BS you would expect to hear from fox news

if you actually bother to travel to countries you want to discuss you will see a different picture
you will see the "belt and road" which is forming new trade passages, things the EU would never dare invest in due to EU not affording such projects of such magnitude

but to try to say china is dead, based on stupid misunderstandings of GDP. is the same stupid misunderstanding of people trying to value crypto based on the nonsense number of "market cap"
GDP has become a nonsense number of meaningless relevance

---

not all miners mine for the same costs.
the value line is not "all miners" nor "average" its the BOTTOM cost. the most efficient miners.

the rest of them have higher costs.
EG hobby miners in hawaii have a $90k/btc cost to mine. so do you know what they do..
.. they dont mine right now and instead buy bitcoin direct.
why?.. well obviously its a 6x cheaper offer to just buy bitcoin than mine it.

if some idiot miners decided to continue mining at a loss.. that is on them.

also the recent news of a mining business going bankrupt was because they were doing scammy "cloud mining" but no one wanted to pay for the "contracts" due to the ask price being stupidly higher than market rate. they deserved to die


its this reason why for the last year the average hashrate has stayed around the 230 average hashrate(temp peaking to 310 and temp dipping to 160)

what you find is the most efficient mining is on the increase, and the less efficent mining is on the decrease
but its why there is no mass of hobby miners bringing the hashrate up to 350exa hash at a sustainable level which would have been the case if the price was higher because the hobby miners play to the whims of the market and jump off mining to become bitcoin market buyers.

but the efficient miners have been sustaining a level..
which if you look at the BOTTOMS of 2020-2022 prices
you will see we are at a higher bottom than 2020
and youll see a higher bottom of mining too in 2022 compared to 2020

which shows that increase of hashrate has caused an increase to the bottom

the rest of the speculative market ontop is just that speculations of different peoples viewpoints of their own individual decisions on when they want to buy.


your biggest mistake seems to be to the the 2021 ATH was a "sustained value" point where the price correction after was not a return to value(in your eyes) but a destruction of value.
you are wrong the value line of 2020 was about $3k and value in 2022 is ~$15k

again the speculative market above value is then the volatile premium of speculating based on random sentiment

"golden" age of fraud

hmm he is about 300 years out of date with that title
he forgets the fiat age of fraud last 100 years
and now the digital age of fraud

yes frauds happen. but thats at the business level of business owners scamming people into their business schemes

the underlying asset has no brain or arm or leg or mouth to scam people.
bitcoin does not set up a business.

there is a massive difference between bitcoin, the real intrinsic value asset. vs FTT a company created token

its as if he is trying to say, and compare all company shares are ponzi because maddoff sold shares in a ponzi business, thus shares are ponzi

yes bitcoin is an asset/security
yes bitcoin can be transacted/ownership transfered thus it is a currency. however he does not understand that many things are a currency. he mixes up "common money" descriptor vs currency descriptor

yes bitcoin is not main stream common money.
but it does not mean that its a ponzi and does not mean its not a currency

bitcoin has utility function and underlying costs.
its not stored in some business where investors of old are paid interest via investors of new. where there is no other function/utility bar "robbing peter to pay paul"(ponzi)
showing he does not even understand how ponzi's work

bitcoin as a economic currency system is a simple ownership swap. much the same as shares and commodities and assets.
the price:cost of the swap has different markets and methods of acquisition and transfer. where some businesses do so at a premium or sometimes in 1% of cases maliciously steal from customers of their business

he has failed to recognise the difference between a business failure vs bitcoins success.

learn some code and data structures
there are no decimals in code/data. its all smallest unit of sats
btc and decimals exist as human visual aids. not as base code/data of bitcoin function

to break the smallest unit into 1000x sub units. breaks the whole accounting system of bitcoin.
it would break many rules of supply, require changing how many halvenings occur, changing how many shareable units will ever be created.. a huge mess and tragedy to the supposed claims of certain rules that should not be touched

i can be the biggest cynic of peoples motives but i feel this topic is someone genuinely just describing how bitcoin has made positives on their life without any malice or harm on others.

id say for those that have seen benefit of bitcoin where no harm or foul was needed to achieve it. spread that knowledge to others. help others prosper

WBTC is erc-20 a special token of ethereum.
there are 2 ways to get back to btc.
first is a CEX swap token:coin
which is a deposit - trade - withdrawal 3 step process

second requires converting it to a native ethereum and then using a CEX to then convert from ethereum to dollar or btc on a cex market
thus its a 5 step process
wbtc - erc20 - eth deposit- trade- btc withdrawal

yes wbtc team can decide not to allow conversions to native ethereum
yes ethereum team can change its code to lock up erc-20 as erc-20 and not convertible to native ethereum
yes CEX can delist ethereum, wbtc

bitcoin has features and utility. and so people want bitcoin.
how they get it depends on their costs.
some miners can mine coin below the market rate. some not so much so they just buy it.

bitcoin is not tangible(physical in hand) as a currency but its method of creation is tangible. (dropping an asic on your head will hurt you)
spotify is not tangible(digital audio) but a server farm creating the audio is real. if a server rack falls on you, you'll feel it, as you would if you tried to walk up to an song artist and tell them they are fake. (enjoy the slap/punch)

bitcoin has intrinsic value. there is underlying cost in its creation and then as people acquire and pass on coins new buyers acquire at the sell rate too

there are 2 different markets and people dont realise that the public spot market of speculation is the premium(retail) market not the value(wholesale) market

try not to confuse hal finney with dave klieman

CSW had a "cyber security" partnership with an american guy called dave klieman. they had no involvement in bitcoin
they started up a "cyber security research" company (W&K info defense)in feb 2011 where CSW was trying to start up a gold trading exchange. and also con the american Department of Defence out of research grants for cyber security software research.
https://mylegacykit.medium.com/faketoshi-the-early-years-part-1-9964fc1639e3
filed 3 research grant proposals in feb 2011 - responded(rejected) may 2011
BAA 11-02-TTA 05-0155-WP: TTA 05 Secure Resilient Systems and Networks - $1,800,000 -DK
BAA 11-02-TTA 01-0127-WP: TTA 01 Software Assurance through Economic Measures - $650,000 -CSW
BAA 11-02-TTA 09-0049-WP: TTA 09 Cyber Economics - $2,200,000 -CSW
all attempts failed and DK dissolved the partnership and stopped communicating with CSW in 2011. partly (presumed) due to a failed scam and party due to DK's health deteriorating


CSW then shifted gears researching other industries/opportunities to scam. where he first heard about bitcoin in july 2011 and made some comments about it. but that was all.(CSW wanted wikileaks to use bitcoin, funnily the real satoshi was against wikileaks support of bitcoin)

he returned to cyber security drivel discussing highschool level stuff of email headers and website metadata.. and nothing really happened for 2 years

CSW first BTC purchase(of 15btc) was in april 2013.  never bought or mined coin before that point.

he tried to reach out to DK again to re-establish a partnership but found out DK had died

at this point CSW started his bitcoin related scams, trying to get grants from aussie government and such saying he was a bitcoin miner saying he had millions of dollars of super computers. thus getting tax rebates and such

he gained in total about 45btc in late 2013-early 2014.. but lost about 45btc in the mtgox saga of february 2014 which cost him not being able to pay off liabilities in a business he had(hotwire) thus the scamming really ramped up trying to scam investments after feb 2014..
he in feb 2014 he rebranded an old cyber security company Strasan Pty Ltd to C01n Pty Ltd now wanting to start a "bitcoin bank" (i guess the mtgox custodian karpeles "money missing" inspired CSW to do the same )
where he started backdating things. he transfered the defunct W&K info defense brand in april 2014 to his new scambuddy investor ugen nguygen. and then expanded his scambuddy investor list

comparing a brick and mortar retailer to a similar size online retailer, the differentiator is the lease and business rates.

having a physical store has a higher tax bracket than a warehouse serving via a website. yep just having a shop on mainstreet with a sign above the door that allows customers to enter and browse comes at extra cost. even things like liability insurance incase a customer had an accident is a differentiator

..
when it comes to the mom&pop independent retailer vs national chain retailer. its the wholesale cost of goods that is a differentiator. small retailers dont have the wholesale purchase buying power to get the best prices.

using the same data as my last post it turns a £0.15 wholesale price for small independent retailer. becomes a £0.10 wholesale for the likes of wallmart.
also walmart can, due to its customer footfall of 10,000 a day but only 5x the number of staff compared to a small retailer have better profit margins

in short
beans cost to customer
£0.40 - small ind' retail - £0.05 profit(12.5% profit)
£0.25 - large nat' retail - £0.10 profit(40% profit)
£0.25 - large nat' web  - £0.125 profit(50% profit)

doomad you are so insane you have things backwards in so many ways

LEARN CONSENT.. if not for bitcoin, for any relationship you ever have in life.,. stop expectng people to kiss your ass on demand

you really do not understand consent and so you are trying too hard to be an idiot to pretend your mis-understanding is justified

onchain is the common room of university students
where in normal legal consent. if someone suggest an orgy, people can just say no. and no orgy happens. (doomad probably acts surprised by this concept of consent)

where people just stay in the common room doing normal things without threat or harm or insult or malice or attack or coercion into accepting sex.
(again doomad is probably shocked at this notion)

where it requires an actual majority of the attending students to agree on an orgy for an orgy act(vivation) to occur

however doomad thinks an orgy has to happen where he thinks its the rapists right to make sure it happens where in doomads scenario the only opt-out is "the freedom" to leave the common room. thus faking a vote that the remainers are voting for an orgy whether they say so or not.

 where by staying in the common room means for doomad they are forced into sex or atleast left in the room to watch it happen without any say so or way to stop it.. where you cant even 'just say no' and just stay in the room doing normal things, where no sex happens.. even if majority would have said no.. doomad still wants sex to occur
in short rapes happen and those staying in the room have no choice but to watch it happen

as for doomad crying about a 6% veto
from the november 2016- june 2017(days prior to the mandated threats). segwit didnt even get 50% so why was he crying about 6% veto when segwit had natural 50%+ veto

by which point with such a low vote 46% vote in favour, it should have been an opportunity to the devs to go back to the design board and figure out what the community actually would want. something that could have got a true actual natural vote of a 80% threshold without needing mandated pre-rejection threat and abuse. and fake voting

doomads version of consent is
"im having sex with everyone in the room, if you dont like it, go to a different university"

(im trying to justify doomad to being at college level. so using that age level analogy of consent..  otherwise ill have to go back to talking as if doomad is 5yo again)